RAMGARHIA BOARD LEICESTER & LEICESTERSHIRE
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net current liability position of £296,788, resulting in negative free reserves of the same amount. Despite this deficit, the trustees and auditors confirmed that resources are adequate to meet obligations and there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“It is the policy of the charity that unrestricted funds, which have not been designated for a specific use, should be maintained at a level equivalent to one year's expenditure.” — page 5
“Other creditors includes loans from members totalling £190,000 (2022 - £100,000). The loans do not attract any interest.” — page 22
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- INDERJEET SINGH PANESARchair
- Baldeesh Kaur Lota
- Batinder Singh Channa
- Dr Dara Singh Virdee
- Dr Harai Singh Virdee
- Gurjit Singh Bahra
- Harcharan Singh Riyait
- Harjinder Singh Juss
- Harminder Singh Jagdev
- Hindpal Singh Kundra
- Jagdish Kaur Deogan
- John Singh Matharu
- KIRPAL SINGH SAGOO
- MANGAT SINGH REYAT
- MANJIT SINGH RIYAIT
- Mandeep Singh Dhiraj
- Manjit Kaur Mudhar
- Manjit Singh Panesar
- Parminder Kaur
- Ravinder Singh Panesar
- SARUP SINGH REEHAL
- Santokh Singh Hanspal
- Sukhdev Panesar
- Talvinder Kaur Flora
- Ujagar Siungh Golhar
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.2m | £1.1m |
| 31/03/2024 | £1.1m | £816k |
| 31/03/2023 | £705k | £433k |
| 31/03/2022 | £574k | £268k |
| 31/03/2021 | £337k | £214k |
Common questions
Is RAMGARHIA BOARD LEICESTER & LEICESTERSHIRE financially healthy?
The accounts state that the charity reported a net current liability position of £296,788, resulting in negative free reserves of the same amount. Despite this deficit, the trustees and auditors confirmed that resources are adequate to meet obligations and there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2023 accounts were audited by TC Group.